Plan Ledger DOL Form 5500 · updated monthly

Water Gremlin Co.401(k)

WATER GREMLIN CO. RETIREMENT SAVINGS PLAN · WHITE BEAR TOWNSHIP, MN · plan year 2022

Reported admin expense ratio · 2022
0.33%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Water Gremlin Co. reported $83,144 in plan administrative expenses for 2022: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,846 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.33% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 845th-largest of 1,918 plans among Minnesota employers on file, and the 5,566th of 13,661 in manufacturing. In 2022, employees put in $2.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,014,464
Participants with balances366
Active participants262
Employer contributions$483,649
Employee contributions$1,214,983
Employer contribution per active participant$1,846
Average account balance$60,149
Benefits paid to participants$3,317,103
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $91K emplr
2023$21.3M · 284 accts · $465K emplr
2022$22.0M · 366 accts · $484K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$83,144
Total administrative$83,144
The Water Gremlin Co. 401(k) match · 2022
Employer contribution per active participant$1,846
Median for plans this size$2,266
2023$2,021 per active participant
2022$1,846 per active participant

Water Gremlin Co.'s 2022 employer contribution ran below the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

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Administrative cost history3
2024Not separately reported
2023$91,237 · 0.42%
2022$83,144 · 0.33%
Similar plansManufacturing · Minnesota
Dri-Steem Corporation MN$22.4M · 0.06%
Sportech, LLC MN$22.4M · 0.57%
Precision Associates, Inc. MN$22.0M · 0.17%
Avr, LLC MN$21.9M · 0.00%
Circuit Check, Inc. MN$21.3M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410686396 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.